The normal-form of a one-time, static game summarizes:
A) Players, alternative strategies, and payoffs.
B) Players, alternative strategies, and order of moves.
C) Alternative strategies, payoffs, and order of moves.
D) Players, order of moves, and payoffs.
E) Players, stages of the game, and payoffs.

Question

Quizplus · Accepted Answer

The normal-form of a one-time, static game summarizes the players involved in the game, the alternative strategies available to each player, and the payoffs each player receives for every combination of strategies.

The Normal-Form of a One-Time, Static Game Summarizes